Tencent Up As Q3 Ads Zoom, On China’s Shopping Day

By | November 10, 2015

Scalper1 News

China’s Tencent Holdings (TCEHY) reported its strongest revenue growth in five quarters with third quarter earnings Tuesday morning, though profit fell short of expectations. The earnings report comes as Chinese consumers are hours away from waking to their biggest online shopping day of the year, “11.11.” Tencent Holdings reported revenue of 26.6 billion yuan, about $4.18 billion at the current exchange rate, an increase of 34% over Q3 2014 and Scalper1 News

Scalper1 News